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Forecast: Bitcoin may reach price of $100,000 by 2023

14.10.2021,15:37


October 14, Fineko/abc.az. Bitcoin is expected to grow sharply up to $100,000 by 2023, and the reason for such confidence in the continuation of the recent rally of this cryptocurrency is feeding of the interest of impulse traders in it.

Jurrien Timmer, the director of financial company Fidelity Global, says that the growth of bitcoin in October by 31% is "stable", it is "not a bubble that is about to burst."

Timmer is based in forecasts on its own model of supply and demand.

In his opinion, the recent growth of bitcoin "was not marked by much fanfare, and it also does not seem that it was directed by fans chasing momentum. The share of bitcoins in the hands of such short-term traders has decreased to 15%. And if impulse traders get involved, there will still be a lot of room left."